Asked by Julian Jones on Jun 05, 2024

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Which of the following best completes the sentence,'Social shopping provides utility to our shopping experience because it lowers our ______.'?

A) Brand awareness.
B) Search radius.
C) Travel expenses.
D) Perceived risk.
E) None of these.

Perceived Risk

The potential for loss or adverse outcomes that consumers believe may result from a purchase decision or certain behavior.

Utility

In economics, the satisfaction or benefit derived by consumers from consuming a good or service.

Shopping Experience

The totality of a customer's interactions and perceptions about purchasing goods or services at a retail or online store.

  • Identify the distinctions between hedonic and utilitarian incentives in social shopping contexts.
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Naomi McCulloughJun 11, 2024
Final Answer :
D
Explanation :
Social shopping integrates social experiences and influences into the shopping process, thereby reducing the perceived risk associated with purchases through user reviews, social media interactions, and peer recommendations.